Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

5124-32 S. Kimbark Ave

Interra Realty brokers pair of multifamily transactions totaling $10.2 million in Chicago’s Hyde Park,...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of two multifamily properties on Chicago’s South Side: 5124-32 S. Kimbark Ave., a 44-unit condo deconversion in Hyde Park; and...
Park Terrace Senior Living

Link Senior Development, Roxborough Group acquire 301-unit Phoenix retirement community

Link Senior Development and The Roxborough Group, LLC announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona. "Park Terrace is an exciting venture...
Apex Apartments

Las Vegas developer expands into Texas with 152-unit property acquisition

Camino Verde Group, a Las Vegas-based real estate investment and development firm, recently acquired the Antigua Village Apartments, soon to be rebranded as Apex Apartments, in Fort Worth, Texas. The acquisition was represented by...
Tucasa Townhomes

Marcus & Millichap Brokers the Sale of Two Apartment Buildings Totaling 170 Units in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tucasa Townhomes and Villa Capri, two multifamily assets totaling 170...
Intrigue Apartments

NewPoint Provides $17.5M in Financing to Facilitate the Acquisition of Intrigue Apartments in Las...

NewPoint Real Estate Capital has provided $17.5 million in Fannie Mae DUS® conventional multifamily financing to facilitate the acquisition of Intrigue Apartments, a 193-unit community located in Las Vegas, Nevada. "This is a well-located, well-maintained...
2909 Oliver

JLL Arranged the Refinancing of the 192-unit / 504-bed Student Housing Community 2909 Oliver...

JLL announced that it has arranged the $11.8 million refinancing of 2909 Oliver, a 192-unit / 504-bed student housing community located at Wichita State University in Wichita, Kansas. JLL represented the borrower, Calidus to secure...

TruAmerica Multifamily enters North Carolina property markets with 830-unit portfolio in Raleigh for $108.7...

TruAmerica Multifamily continues to expand its holdings in the southeast by making its initial investment in North Carolina, a three-asset, 830-unit multifamily portfolio in Raleigh NC, for $108.7 million. In only two years since entering...
Peeples Valley

Macallan Group/McNeal Development and BCDC Commence Development on 97-Unit Townhome Community on Peeples Valley...

Macallan Group/McNeal Development and BCDC have closed on financing for their inaugural joint-venture project — a +/-19-acre townhome community located on Peeples Valley Road nestled in the heart of Cartersville, Georgia. Located on Peeples Valley...
Vanowen Collection

Stepp Commercial completes $3.5 million sale of Vanowen Collection, an 18-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North...
Sierra Vista Apartments

Tower 16 Capital Partners acquires Sierra Vista apartments in Tucson, Arizona

San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired Sierra Vista Apartments, a 258-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in...
Stewart Creek Apartments

Berkadia arranges sale and finance of 414-unit multifamily community near Dallas

Berkadia announces it has arranged the sale and finance of Stewart Creek Apartments, a 414-unit garden-style community in the Dallas suburb of Frisco. Managing Directors Jay Gunn and Thomas Burns of Berkadia’s Dallas office,...
71-0296 35th St

Stos Partners expands its multifamily holdings with acquisition of San Diego community

Stos Partners, a privately held commercial real estate investment firm, recently acquired an 18-unit multifamily property in the North Park-Cherokee Point submarket of San Diego in an off-market transaction as part of a strategic...
West Vue

Berkadia arranges $97.5 million sale of brand-new class AA garden style asset in Orlando’s...

Berkadia announces it has arranged the sale of West Vue, a 442-unit, brand-new, luxury garden-style apartment community within Orlando’s sought-after and award-winning MetroWest master-planned community. The property is encumbered by a long-term ground lease,...
Cleo Apartments, Denver

DB Capital acquires Denver metro apartment community for $38 million

DB Capital Management (DB Capital) has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 million. Built in 1979, Cleo features large one- and two-bedroom floor plans on a...
69 E 125th Street

Ariel Property Advisors Arranges $28.2 Million Sale of Two-Tower Residential Property in East Harlem

Ariel Property Advisors announced the $28,200,000 sale of a newly constructed luxury residential property located at 69 East 125th Street in the East Harlem section of New York City. GO-RE Partners, led by Doron Greenberg...
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